Seven Knots – SPA – Under the purchase agreement, the price Seven Knots pays for each tranche of Class A common stock is calculated on the applicable purchase date at a set discount to the prevailing market price/VWAP. For any given purchase notice, the Company may only sell a number of shares that is capped by formulas tied to recent trading volume or a fixed dollar amount specified in the agreement, and Seven Knots may not purchase shares that would push its ownership above 4.99% of the Company’s outstanding stock. Because the price is reset for every purchase, the exact number of shares issuable fluctuates and could be fewer than the total shares registered. These pricing and volume caps are intended to minimize market impact while providing the Company with flexibility to draw capital as needed.
RW
Form RW - Registration Withdrawal Request
Proxies
TYPE
HEADLINE
FILED AT
DEFA14C
Form DEFA14C - Additional information statement materials, definitive
DEF 14C
Form DEF 14C - Other definitive information statements
PRE 14C
Form PRE 14C - Other preliminary information statements
DEFA14A
Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
DEF 14A
Form DEF 14A - Other definitive proxy statements
DEFA14C
Form DEFA14C - Additional information statement materials, definitive
